*** EXECUTIVE OVERVIEW FORM ***

This mandatory form will help underwriting reduce the time to process your funding request:

IMPORTANT—Please complete every question. Put N/A if not applicable and SEE PLAN if the information
is in the Business Plan.
1) Contact Information for the Applicant (who you want us to contact):

Name:
Title:
Address: City:
State/Province: Zip: Country:
Phone: Fax: Email:

PROJECT NAME: ___________________________________________________________________

2) Funding Amount (US Dollars):

What is the amount of funds the Applicant actually needs for the project, what % of the total project costs does
this represent, and when do you absolutely have to fund?
$ % When?

Concerns in Funding this Project / Timing to Close ______________________________________

Are you requesting Debt? or Equity? or both?

If both, how much for Debt _____________________ and how much for Equity? _________________
If a real estate development, what are the hard and soft costs for all phases? _________________
If a real estate development, what specifically are you building? (property type) _____________________

How much of your own money have you put in or are going to put into this project? _________________
What will be the future project value at completion? ______________ By what time frame? _____________
Do you have control of the land/project, by what means, and for how long? __________________________

How many pre-sales for this project have been completed so far (unit number and total USD$ amount)? Explain
the plan and expected timeframe for further pre-sales to take place once funding is obtained.

What is the total construction timeframe for all phases to completely develop the project?

3) Applicant(s) Desired Loan Terms

What loan terms does the Applicant expect?
Loan term: months.
Interest rate: %.
Origination points:
Fees to cover appraisal, EPA, site visit, title work, etc.
(Please provide a simple spread sheet of costs. (Sources and Uses)

What is the total timeframe to completely repay all loans?

4) Project Description
One sentence description of the project (acquisition, construction/development, or refinance)

Did you approach your local bank, and was the financing request unobtainable?

Is there anyone else you are working with and why can’t they get your project funded?
Type of property involved:
Location of real estate: City: State/Province: Country:
What year did Applicant purchase subject property and for how much?
What is Applicant’s total cash invested into this property to date?
How much more does Applicant have available to be invested, if need be?
What is the Applicant’s current breakdown of equity in property?
Is there any debt, or back taxes against the property?
What percentage of subject property is occupied today?
Does the Applicant have a 3rd party, independent feasibility study that says that this development is a
good idea? Are you willing to buy one, if one is required by the Lender?

5) Current Value:
What is today’s current value of subject property in its’ present condition based on the analysis from a
nationally recognized MAI Appraisal firm?

6) Information on PURCHASE ONLY or PROJECT DEVELOPMENT Transactions

Sales Price (for a purchase only) or Projected Development Costs

Applicant’s Cash down Payment or Owners Investment
Seller’s Held Second Lien, if applicable or Secondary Financing
Any other additional comments you feel necessary to explain purchase, sale, or development project costs:

7) Cross-Collateralization
List any additional real estate the Applicant may have that could be used to cross-collateralize this loan request
to lower the loan to value ratio:
A. Property Type:
Location: City: County: State/Province:
Value of Property 1st Lien Balance 2nd Lien
Balance
8) Use of Funds
Provide a description for what the funds will be used, i.e. Purchase, Refinance, Construction, Development,
Operating Capital, etc. (Be Specific, List Dollar Amounts)

What is the other Use of Funds, if any of the funds are not directly related to this specific project-funding
request?

9) Exit Strategy

What is the exit / payoff strategy and source of repayment for the funding request?

10) Prior Turn Down

Reasons Why Conventional Financing Could Not Be Obtained

11) Would You Consider a Joint Venture?

Would you consider giving up a percentage of equity ownership in this project to a joint venture, if it was the
only way to get it approved?

-Yes -No and if yes, up to what percentage of ownership would you relinquish? Please include a percentage.

12) Information about the Applicant

A. Entity:  Individual  Corporation  LLC  Partnership  Other
B. Personal Credit History (FICO score) of all Principals Involved:
C. Do the Principals have a previous background in developing this size and type of project before?
D. Is there any outstanding or previous litigation against the borrowing entity or its Officer(s)?

E. IMPORTANT (must answer): Combined Personal Net Worth of PRIMARY Principals EXCLUDING
this project in dollars: How much is liquid?

F. Primary Principals last 3 years average monthly income(s):

G. Resumes of each Principal and key management person

13) Budget On Subject Property

What was (is) the income and expenses on subject property. Please do the math. Take out any mortgage interest,
debt service, or depreciation from expense side. Do include any reserves for vacancy or management fees since
lender will most likely call in a professional management team in the event of a default. Just fill in the blanks
below please:
2005 2006 2007 (YTD)
Gross Income
Total Expenses
Net Operating Income
Average Yearly Occupancy % % %
For year 2007, please indicate up to what month the figures are calculated: _____________________

14) Available Documentation and Information

Describe any documentation or information from a reputable "third party" source the borrower has in his
possession at this time. Check all that apply:
 Appraisal and/or Feasibility Study, when was it done, and by whom - Month/Year:

 Title Opinion  Title Commitment  Title Policy, when was it done - Month/Year:
 Environmental Reports:
 EPA Phase I  EPA Phase II  Asbestos  Lead base paint, when was it done – Month/Year
 Full Financial Statements Prepared by Third Party
 Subject Property  Principals  Corporation or LLC, when was it done - Month/Year:
 Do you have evidence that this project conforms to the zoning requirements?
  Are there any environmental issues? Yes _____ No _______

 (if so, what are they?) __________________________________________________________

 What is the status and timing of state and local government approvals?

 What is the time frame for final entitlements? What approvals/permits are already done related to this
project?

15) Anticipated Budget on Subject Property (Pro Forma Statements)

If a new venture, does Applicant have anticipated budget calculations for the next 5 years?

16) Additional Comments:

Please include any additional information that would make this project more appealing to a Lender/Investor:

17) How did you hear of our services (if through a broker/agent please specify name)?

IMPORTANT: List the Broker(s) that expect to be paid on this transaction and their fee %